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APA Corporation Divests New Mexico Assets for $575 Million
Announced Date
July 09,2025
Deal Value $
500,000,000
Transaction Type
Asset
Buyer
Not Disclosed
Seller
Price Per BOE $
40,000
Location
Multiples
Region
Permian - Midland Basin
Country
United States
State
New Mexico
Play
Production Production
1,800 Boe/d
Production Mix
60 % Oil
Multiples
Production ($/boe/d)
277,778
Adj. $/acre is based on production
@40,000 Boe/d
Transaction Details:
APA Corporation has completed the divestiture of its New Mexico assets for approximately $575 million in net proceeds, following a definitive agreement announced in May and closed in June 2025.
The transaction includes oil and gas properties that contributed approximately 1.8 MBoe/d to APA’s second-quarter U.S. production, with about 33% oil content. These assets were previously expected to deliver roughly 13.0 MBoe/d (50% oil) in the second half of 2025, according to APA’s prior full-year production guidance.
The sale aligns with APA’s strategy to streamline its portfolio and strengthen its balance sheet amid challenging commodity pricing, particularly for natural gas
Permian - Midland Basin Deal Activity In Last 12 Months
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Feb-26-2025 |
-  |
- |
Click here | Texas | E&P |
| Feb-18-2025 |
- |
- |
Click here | Texas | E&P |
| Feb-12-2024 |
- |
- |
Click here | Texas | E&P |
| Dec-11-2023 |
- |
- |
Click here | Texas | E&P |
| Sep-13-2023 |
- |
- |
Click here | Texas | E&P |
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Jul-10-2025 | Mach Enters Permian Basin, Buys PE_backed Sabinal Assets for $500 Million | - |
- |
| May-07-2025 | Permian Resources Bolt-On Assets From APA Corp | - |
- |
| May-03-2025 | Riley Permian Acquires PE-Backed Silverback II For $142million | - |
- |
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| May-07-2025 |
- |
- |
Click here | New Mexico | E&P |
| Jan-04-2024 |
- |
- |
Click here | Texas | E&P |
| Aug-04-2022 |
- |
- |
Click here | Texas | E&P |